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Consumer prices up 7.5 percent over year ended January 2022
February 16, 2022
Over the 12 months from January 2021 to January 2022, the Consumer Price Index for All Urban Consumers (CPI-U) rose 7.5 percent. This is the largest 12-month increase since the 12-month period ending February 1982. Food prices increased 7.0 percent over the past year, while energy prices rose 27.0 percent.
Consumer Price Index for All Urban Consumers, 12-month percent change, by expenditure category, January 2022
Expenditure category
12-month percent change, Jan. 2021–Jan. 2022
Relative importance weight, Dec. 2021
All items
7.5%
100.000%
Food
7.0
13.370
Food at home
7.4
8.165
Cereals and bakery products
6.8
1.030
Meats, poultry, fish, and eggs
12.2
1.888
Dairy and related products
3.1
0.752
Fruits and vegetables
5.6
1.408
Nonalcoholic beverages and beverage materials
5.0
0.933
Other food at home
7.4
2.153
Food away from home
6.4
5.205
Energy
27.0
7.348
Energy commodities
39.9
4.014
Fuel oil
46.5
0.115
Motor fuel
40.0
3.822
Gasoline (all types)
40.0
3.748
Energy services
13.6
3.334
Electricity
10.7
2.454
Utility (piped) gas service
23.9
0.879
All items less food and energ
6.0
79.282
Commodities less food and energy commodities
11.7
21.699
Apparel
5.3
2.458
New vehicles
12.2
4.105
Used cars and trucks
40.5
4.143
Medical care commodities
1.4
1.524
Alcoholic beverages
2.7
0.889
Tobacco and smoking products
7.0
0.526
Services less energy services
4.1
57.583
Shelter
4.4
32.946
Medical care services
2.7
6.962
Transportation services
5.6
5.599
Note: These data are not seasonally adjusted.
Prices for food at home rose 7.4 percent over the last 12 months. All of the six major grocery store food groups increased over the period. By far the largest increase was that of meats, poultry, fish, and eggs, which rose 12.2 percent over the year. Prices for dairy and related products increased 3.1 percent, the smallest 12-month increase among in the food at home category.
Prices for food away from home rose 6.4 percent over the last year, the largest 12-month increase since January 1982.
Within the energy category, gasoline prices rose 40.0 percent over the last year, despite declining in January. Prices for natural gas rose 23.9 percent over the last 12 months, and prices for electricity rose 10.7 percent.
Prices for all items less food and energy index rose 6.0 percent, the largest 12-month change since the period ending August 1982. Within this grouping, prices for shelter increased 4.4 percent over the past year, prices for medical care services were up 2.7 percent, while prices for transportation services increased 5.6 percent.
United States Department of Labor
